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NATIONSBANK CONTRACTS WITH WACKENHUT FOR SECURITY

 CORAL GABLES, Fla., April 20 /PRNewswire/ -- The Wackenhut Corporation (NYSE: WAK) was awarded a contract by NationsBank Corporation (NYSE: NB), for physical security services at its facilities at various operational sites in seven Southern and Southeastern states.
 The contract with Wackenhut, one of the world's largest suppliers of trained security officers and physical security services, begins on June 15, 1993 and is expected to provide over $5 million in annual revenues to the corporation.
 Richard R. Wackenhut, president and chief operating officer of The Wackenhut Corporation, said, "Our company, with offices in over 125 U.S. locations, is uniquely situated to provide standardized security operations and quality service to a large organization with such widespread operations, and we look forward to our future association with NationsBank."
 The Wackenhut Corporation has developed a reputation for quality service and professionalism while performing security-related services for the business, financial and banking communities, as well as for manufacturing sites, government installations, and power generating plants.
 It was founded in 1954 by George R. Wackenhut, a former Special Agent of the Federal Bureau of Investigation, who remains today as the chairman of the board and chief executive officer of the corporation. It presently has operations in over 45 countries, on six continents.
 -0- 4/20/93
 /CONTACT: Patrick F. Cannan, director of corporate relations of The Wackenhut Corporation, 305-666-5656/
 (WAK NB)


CO: The Wackenhut Corporation; NationsBank Corporation ST: Florida IN: FIN SU: CON

AW-JB -- FL017 -- 8209 04/20/93 14:50 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
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